Thin-walled hollow cylindrical parts are widely employed in various industries, including automobiles, ships, and aviation, due to their increased demand and the escalating quality requirements for their formation. The production of these parts primarily relies on a multi-stage deep drawing process. However, during the deep drawing process, the gradual reduction in the side wall thickness creates a susceptible area at the bottom rounded transition, where local over-thinning may occur, thereby increasing the risk of cracking. Furthermore, the deep-drawing process becomes more intricate for thin-walled hollow cylindrical parts with a large height-to-diameter ratio, amplifying the likelihood of defects during actual production. This paper combines CAE simulation and empirical design to comprehensively investigate and analyze the multi-stage deep drawing process and mold design for thin-walled hollow cylindrical parts. The aim is to optimize the deep-drawing process and mold parameters, enhance the products qualification rate, and provide valuable guidance for the practical production of relevant enterprises.